german interest, page-7

re: more german buying, price up Quarterly commitments test due this week. Its will almost certainly show GCN has run out of money again. Lets see the GCN rampers (obviously supported by GCN insiders who are providing them with up-to-the-minute Shareholder numbers) put a positive spin on this.

SSI are clearly very hesitant to play sillybuggers with their own shareprice as evidenced by the market depth.

Buyers might like to check back to November '02 for another ominious sign.

GOCONNECT LIMITED 2002-11-08 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
We are pleased to advise that the following securities of our Company
are due for release from escrow on 22 November 2002:

231,000,000 ordinary shares fully paid.

E Li
COMPANY SECRETARY


Pleased? Overcome with hysterical delight I would imagine. 231 million shares primed and ready to be unloaded on any bunny that sticks their head up.

This is of course supplimentary to the 4.193 million shares issued at 6c in May to maintain the lifesupport system barely sustaining GCN's operations which can now be dumped on any unsuspecting bidder and the funds used to inject more cash via a further dilution.

What the rampers miss is this. GCN is all froth and no beer. Fact! It has consistently promised the world and just as consistently failed to deliver. And even from before its messy birth it has been accompanied by the same small band of single company rampers on HC.

We cynical bystanders have the proof of GCN's history to say that until this company is able to legitimately show it has become cashflow positive then all the press releases and ramping posts in the world on this co are nothing than a cynical exercise designed to broaden membership of shareholders stuck on this artificial reef.

The wise in my opinion will hold off any investment until the unlikely event occurs - that GCN issues a cashflow positive commitments test - such a document putting the companies directors nuts fair and square on the block should the numbers turn out to be incorrect.

Anyway, this little game is getting very boring. I think everyone on HC has a very clear picture of what risks lie incorporated in a GCN shareholding.

Cheers,